C.H. Robinson Worldwide (CHRW) Cut to Buy at BidaskClub
BidaskClub lowered shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a strong-buy rating to a buy rating in a report issued on Wednesday.
Several other equities analysts have also commented on CHRW. Zacks Investment Research lowered shares of C.H. Robinson Worldwide from a buy rating to a hold rating in a research report on Tuesday, March 6th. BMO Capital Markets increased their price objective on shares of C.H. Robinson Worldwide from $87.00 to $96.00 and gave the stock a market perform rating in a research report on Thursday, February 1st. They noted that the move was a valuation call. Cowen increased their price objective on shares of C.H. Robinson Worldwide from $88.00 to $103.00 and gave the stock an outperform rating in a research report on Thursday, February 1st. Credit Suisse Group raised shares of C.H. Robinson Worldwide to a hold rating and set a $85.00 price objective for the company in a research report on Wednesday, January 17th. Finally, Citigroup raised shares of C.H. Robinson Worldwide from a neutral rating to a buy rating in a research report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $82.53.
Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) traded up $2.14 during mid-day trading on Wednesday, reaching $91.74. 1,617,535 shares of the company traded hands, compared to its average volume of 1,230,625. C.H. Robinson Worldwide has a 1 year low of $63.41 and a 1 year high of $100.18. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $12,820.57, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 2.37 and a beta of 0.43.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 2nd will be paid a $0.46 dividend. The ex-dividend date is Thursday, March 1st. This represents a $1.84 annualized dividend and a dividend yield of 2.01%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 51.54%.
In other news, insider Chris Obrien sold 3,909 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $90.85, for a total value of $355,132.65. Following the completion of the transaction, the insider now directly owns 23,149 shares in the company, valued at $2,103,086.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James Lemke sold 4,346 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $92.75, for a total transaction of $403,091.50. The disclosure for this sale can be found here. Insiders sold 29,248 shares of company stock valued at $2,704,578 over the last 90 days. Insiders own 0.85% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Wolverine Asset Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at $138,000. Captrust Financial Advisors purchased a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at $177,000. Independence Bank of Kentucky purchased a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at $186,000. Private Advisor Group LLC purchased a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at $204,000. Finally, Personal Capital Advisors Corp bought a new position in C.H. Robinson Worldwide during the 4th quarter valued at $213,000. Institutional investors and hedge funds own 93.81% of the company’s stock.
TRADEMARK VIOLATION WARNING: This piece was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2018/03/11/c-h-robinson-worldwide-chrw-cut-to-buy-at-bidaskclub.html.
About C.H. Robinson Worldwide
C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.
Receive News & Ratings for C.H. Robinson Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C.H. Robinson Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.